Grupo Clarín reported a 31.6% revenue drop and a net loss of Ps. 9.8 billion in 2024.
Grupo Clarín, Argentina's largest media company, reported a 31.6% decrease in revenues for the first nine months of 2024, totaling Ps. 231,818 million, largely due to declines in Digital and Printed Publications and Broadcasting segments. Adjusted EBITDA fell 51.0% to Ps. 17,922.3 million, resulting in a margin of 7.7%. The company also faced a net loss of Ps. 9,803.3 million, a 109.7% increase in losses compared to the same period in 2023.
November 09, 2024
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